Receivables From And Payables To Brokers, Dealers And Clearing Organizations

6 Months Ended

Jun. 30, 2021

Due To And From Broker Dealers And Clearing Organizations [Abstract]

Receivables From And Payables To Brokers, Dealers And Clearing Organizations

NOTE 3 – Receivables From and Payables to Brokers, Dealers, and Clearing Organizations

Amounts receivable from brokers, dealers, and clearing organizations at June 30, 2021 and December 31, 2020, included (in thousands):

	June 30, 2021		December 31, 2020
Deposits paid for securities borrowed	$	356,551	$	313,131
Receivables from clearing organizations		252,866		229,070
Securities failed to deliver		77,650		7,291
	$	687,067	$	549,492

Amounts payable to brokers, dealers, and clearing organizations at June 30, 2021 and December 31, 2020, included (in thousands):

	June 30, 2021		December 31, 2020
Deposits received from securities loaned	$	299,236	$	145,124
Payable to clearing organizations		68,929		25,540
Securities failed to receive		56,983		7,273
	$	425,148	$	177,937

Deposits paid for securities borrowed approximate the market value of the securities. Securities failed to deliver and receive represent the contract value of securities that have not been delivered or received on settlement date.